Assignment Sample on MB709 The Influence Of Corporate Governance
Introduction
Corporate governance is important for the company to maintain its operational activities (Ferreira et al., 2019). The study will discuss the values of corporate governance and its influence on the business.
1.1 Rationale of the study
The importance of the study is to have a persistent balance between the policies and the structure of corporate governance. The information regarding the organisational structure will be helpful in building the values and successful plan for the company (Sainsbury, 2020). The management of the organisation needs to have proper control over all the activities of the company and reduce the risks of the organization (Sainsbury, 2020). The financial performance of the company depends on the corporate governance structure because it will be able to implement a suitable framework in the workplace to promote the activities of the company.
1.2. Aims and objectives of the study
Aims of the study
The aim of the study is to discuss the values of corporate governance while having discussions regarding corporate governance.
Objectives of the study
- To evaluate the values of corporate governance in Sainsbury.
- To examine the structure of corporate governance in Sainsbury.
- To discuss the implication of corporate governance in Sainsbury.
Literature review
Corporate governance is very important for the organisation to have a positive impact on the company’s activity. Sainsbury has implemented the structure of corporate governance which will be effective in building the business operation of the company (Harvey et al., 2020). There are various studies which have found out the structure of corporate governance and how it is associated with the values.
2.1. The values of corporate governance in Sainsbury
The management of the organisation has built the framework for the company, which will be able to manage the risks. The risk management framework will be effective in managing the activities of the organisation and controlling all the internal and external risks (Sainsbury, 2020). The corporate governance structure is important to identify the risks and then update the risks according to the current market situation (Harvey et al., 2020). The action plan will be formulated on the basis of the risks.
Figure 1: Corporate governance and business strategy of Sainsbury
(Source: Sainsbury, 2020)
2.2. The structure of corporate governance
According to Sainsbury, (2020), the performance of the organisation depends on the structure of corporate governance. The company has built the structure of the company, and then the responsibilities are divided among the stakeholders so that they can understand the activities. The business standards and values will be made on the basis of the organisational policies (Harvey et al., 2020). The organisational structure will ensure that the consumers will get desired products and services from the company, which will be effective for the business. The business strategies of the organization will be made on the basis of the corporate governance structure. The roles and responsibilities should be understood properly to make the values and policies of the workplace effectively.
2.3. The implication of corporate governance
From the studies, it can be stated that when the stakeholders will be able to understand their roles and responsibilities within the company, then it is possible for the company to improve business management (Harvey et al., 2020). The management of the organisation will be able to build the business framework on the basis of the internal and external business situation from the market d. Sainsbury has introduced sustainable programs which are effective for reducing the waste and acceptable for the consumers from the international market.
Methodology
3.1 Approach
In research, it is a procedure that focuses on collecting, analysing and interpreting the data. There are three types of research approach which includes, deductive, inductive and abductive. In this study, an inductive approach would be used based on the research requirement. Inductive research is the involvement where patterns from observation are initiated for drawing of conclusions for a specific purpose (Azungah, 2018).
3.2 Design
It is a framework that is used in research for allowing and integrating different components together coherently. There are three types of research designs which includes, descriptive, explanatory and exploratory. In the study, descriptive research design shall be used. Descriptive research design shall be helping for obtaining information systematically through distribution of phenomenon, situation, or population (Bloomfield and Fisher, 2019).
3.3 Methods
The research shall focus on using appropriate methods for validation to use of research methodology. There are two types of methods which include, mono and mixed method. In this study, mixed methods shall be used based on the research initiation (Stern et al. 2020). For primary quantitative, surveys would be done using Excel.
3.4 Participants
In this study, for quantitative research, a total of 20 participants would be selected based on Sainsbury’s employees for proper validation to the research. The process of selecting participants would be self-selected.
3.5 Procedure
The overall study shall be based on conducting a research on understanding The Influence of Corporate Governance on the Sainsbury’s Values. It can be said that in Thai study, use of an inductive approach would be followed by descriptive research design. In addition to that, the data collection method that would be used includes both qualitative and quantitative data. In the case of primary, quantitative analysis would be done through surveying the employees of Sainsbury. On the other hand, for secondary, qualitative analysis would be carried out through thematic analysis. The overall study would be highlighting the basics of analysing research samples that would be finally evaluated using excel.
3.6 Validity and reliability
For the purpose of taking the research methodology, there is a requirement of measuring the way validation and reliability of the research can be done. The measures include:
- Analysing and creating an appropriate and starting research design.
- Evaluating the chosen methods properly.
- Understanding the target population and based on that evaluating the perspective.
- Conducting the research carefully and consistently.
3.7 Ethical considerations
The secondary data will be chosen from authentic sources otherwise the consequences of the study cannot be relevant in the upcoming time. Similarly, during primary quantitative data collection, the essential information will be kept covert until the study has been completed. After the study, all the private information will be preserved in a safe and secure place.
3.8 Data analysis
The Data Analysis process is all about changing, and cleaning the raw information in the actionable one. For analysing the secondary data dependency on the existing information is the most appropriate. On the other hand, for the primary quantitative data analysis process primarily descriptive statistics are used. In both cases, researchers can easily depend on the gathered information and analyse them according to the need. Identify the influence of corporate governance on Sainsbury’s value.
Hierarchy of evidence
The research plan is in Level 2 where Randomized Control Traits (RCT) are well designed. Corporate governance is a topic where the control group and experimental group both are equally important for assessing the study design. The cause-and-effect connection between the outcomes and intervention can easily be understood through RCT. In this study, it is very important for the researchers to involve every component related to corporate governance along with its influence over Sainsbury’s Values. From this perspective, it can say that this study is level 2 of the Hierarchy of evidence.
Discussion
5.1. Implications of the study
In discussing the impact of corporate governance on Sainsbury’s value, a grocery store with the help of proper corporate governance in this industry can reduce the waste from the company. Scherer and Voegtlin (2020), stated that corporate governance allows the owners and the managers to have the opportunity for meeting goals within the target time. From the study, Sainsbury can identify that the segmentation of the industry has to change to maintain its values.
5.2. Limitations of the study
Corporate governance is a style of control and direction of an entire company that is different from one another. The opinions of the participants at the time of the survey are quite different which is the main limitation. At the time of enlisting the responses, it becomes difficult to categorize the responses as compounds. Kamble et al. (2020), mentioned that the fundamental purpose of data collection is to make a path for the study and make the best outcome. But the mixed response has made difficulties slowing the speed of the research work. In the case of choosing secondary sources, confusion about authenticity was also present there.
5.3. Further studies
In providing suggestions on corporate governance, it has to say that bringing transparency throughout the business tenure can be helpful for maintaining the company value. Ejiogu et al. (2019), stated that transparency would bring more customer loyalty to the company which is considered an important part of the company’s existence. In terms of considering future studies of the topic, it can say that this topic of identifying the influence of corporate governance on Sainsbury’s value can surely be effective.
Reference List
Bloomfield, J. and Fisher, M.J., 2019. Quantitative research design. Journal of the Australasian Rehabilitation Nurses Association, 22(2), pp.27-30.
Ejiogu, A., Ejiogu, C. and Ambituuni, A., 2019. The dark side of transparency: Does the Nigeria extractive industries transparency initiative help or hinder accountability and corruption control?. The British Accounting Review, 51(5), p.100811.
Ferreira, A., Pinheiro, M.D., de Brito, J. and Mateus, R., 2019. Decarbonizing strategies of the retail sector following the Paris Agreement. Energy Policy, 135, p.110999.
Harvey, C., Maclean, M. and Price, M., 2020. Executive remuneration and the limits of disclosure as an instrument of corporate governance. Critical Perspectives on Accounting, 69, p.102089.
Kamble, S.S., Gunasekaran, A. and Gawankar, S.A., 2020. Achieving sustainable performance in a data-driven agriculture supply chain: A review for research and applications. International Journal of Production Economics, 219, pp.179-194.
Sainsbury, D., 2020. Toward a dynamic capability theory of economic growth. Industrial and Corporate Change, 29(4), pp.1047-1065.
Scherer, A.G. and Voegtlin, C., 2020. Corporate governance for responsible innovation: Approaches to corporate governance and their implications for sustainable development. Academy of Management Perspectives, 34(2), pp.182-208.
Stern, C., Lizarondo, L., Carrier, J., Godfrey, C., Rieger, K., Salmond, S., Apostolo, J., Kirkpatrick, P. and Loveday, H., 2020. Methodological guidance for the conduct of mixed methods systematic reviews. JBI evidence synthesis, 18(10), pp.2108-2118.
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